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RBI Supersedes Board of Debt
November 20, 2019 | By News18.com
business
The bank has appointed R Subramaniakumar, former managing director and chief executive officer of Indian Overseas Bank, as the new administrator of the DHFL with all the powers of the board.
:
New Delhi: The Reserve Bank of India (RBI) on Wednesday superseded the board of the debt-ridden Dewan Housing Finance Limited (DHFL) due to governance concerns and defaults by the non-banking finance company. The company has been placed under an administrator
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